]]>Bitcoin price is gaining bullish momentum as it approaches the end to a trading pattern, that usually leads to a bullish breakout.

Bitcoin Price Technical Analysis

Yesterday, September 13, the price of Bitcoin (BTC)was in a bullish trend. The bulls broke above the $10,000 and $10,200 resistance levels to move into a mid-term bullish trend zone. The price has broken the 12-day Exponential Moving Average (EMA) and it is approaching the 26-day EMA.

Earlier, the market traded above the $10,400 resistance level. At the time of writing, Bitcoin price is trading at $10,376. On the upside, if more buyers emerge, the crypto’s price will rise and retest the $10,500 and $10,600 levels. Meanwhile, the Moving Average Convergence Divergence (MACD) line and the signal line are below the zero line which indicates a sell signal.

BTCUSD Price Short-term Analysis

On the 1-hour chart, BTCUSD price is in a bullish trend. The crypto’s price is expected to rise because it is above the 12 and 26-day EMAs.For the past week, the pair has been trading inside a symmetrical triangle. This pattern formation is usually followed by a bullish breakout which is likely to cause the price of BTCUSD to retest the $10,500 levels if the bulls break above the $10,400 resistance level.

In the meantime, the MACD line and the signal line while above the zero line which indicates a buy signal.

Resistance Levels: $10,400, $10,500, $10,600

Support Levels:$10,300, 10,250, $10,000

Disclaimer

Arathur Stephen is not registered as an investment adviser with any federal or state regulatory agency. The information above should not be construed as investment or trading advice and is not meant to be a solicitation or recommendation to buy, sell, or hold any cryptocurrencies. The information is solely provided for informational and educational purposes. Always seek the advice of a duly licensed professional before you make any investment.

]]>https://kryptomoney.com/bitcoin-price-analysis-btcusd-primed-for-a-breakout/Ripple Price Analysis – Will XRPUSD Decline Below $0.25http://feedproxy.google.com/~r/kryptomoney/~3/haz6ABWXwZ4/
Sat, 14 Sep 2019 10:30:39 +0000http://kryptomoney.com/?p=30160Ripple price has declined to the support of $0.25 after failing to regain bullish momentum above the $0.26 resistance level. Ripple Price Technical Analysis Yesterday, September 13, the price of Ripple (XRP) was consolidating and has continued this trend for the past two days. This week, the bulls attempted to break above the $0.26 resistance […]

]]>Ripple price has declined to the support of $0.25 after failing to regain bullish momentum above the $0.26 resistance level.

Ripple Price Technical Analysis

Yesterday, September 13, the price of Ripple (XRP) was consolidating and has continued this trend for the past two days. This week, the bulls attempted to break above the $0.26 resistance level but were resisted. As a result, Ripple price started to decline to the $0.25 critical support level. The crypto’s price is still trading below the 12 and 26-day Exponential Moving Averages (EMAs). In our previous analysis, we assumed that the price of XRP might likely fall because it was trading below the EMAs.

On the downside, if the $0.25 support gets weak, XRP price would slide to a new monthly low at $0.24 price level. On the upside, if more buyers emerge, the price will retest the $0.26 price level. In the meantime, the Moving Average Convergence Divergence (MACD) line and the signal line are below the zero lines which indicates a sell signal.

XRPUSD Price Short-term Prediction

On the 1-hour chart, XRPUSD price is in a sideways trend as buyers and sellers are currently indecisive. Today, the crypto’s price is trading at the $0.25514 price level and after the bulls were resisted. Meanwhile, the MACD line and the signal line are below the zero lines which indicate a sell signal. The Relative Strength Index (RSI) is currently struggling to climb above the 50 range. Both indicators indicates that Ripple price will continue with the sideways trend in the coming sessions.

Resistance Levels: $0.26, $0.28, $0.30

Support Levels:$0.25, $0.24, $0.23

Disclaimer

Arathur Stephen is not registered as an investment adviser with any federal or state regulatory agency. The information above should not be construed as investment or trading advice and is not meant to be a solicitation or recommendation to buy, sell, or hold any cryptocurrencies. The information is solely provided for informational and educational purposes. Always seek the advice of a duly licensed professional before you make any investment.

]]>Bitcoin Cash price is consolidating and has been attempting to recover from the downtrend that hit the entire crypto market.

Bitcoin Cash Price Technical Analysis

Yesterday, September 12, the price of Bitcoin Cash (BCH) was consolidating below the 12 and 26-day Exponential Moving Averages (EMAs). The bulls tested the $300 resistance level but were rejected and the price fell to the $296 level. Later, the market moved up to $297, where it is currently trading.

On the upside, if the bulls break above the resistance level, a rally to $360 is likely. A breakout of the EMAs can push the price towards the $400 and $480 price levels. On the downside, if the bears exert more pressure, the crypto’ price will decline to retest the levels of $290 or $280.

BCHUSD Price Short-term Analysis

On the 1-hour chart, BCHUSD price is in a bearish trend below the 12 and 26-day EMAs. On September 10, the pair traded around the $306 price level. The market had earlier recovered from $270 in the last week of August. The $300 price level is now an overhead resistance level.

In the meantime, the price of BCHUSD is in the oversold region of the daily stochastic but above the 20% range. This indicates that price is in a bearish momentum and sell signal.

Resistance Levels: $300, 360, $400

Support Levels: $295, $290, $280

Disclaimer

Arathur Stephen is not registered as an investment adviser with any federal or state regulatory agency. The information above should not be construed as investment or trading advice and is not meant to be a solicitation or recommendation to buy, sell, or hold any cryptocurrencies. The information is solely provided for informational and educational purposes. Always seek the advice of a duly licensed professional before you make any investment.

]]>https://kryptomoney.com/bitcoin-cash-price-analysis-bchusd-hovers-near-300/Watford English Football Club Adds Bitcoin Logo to Official Kit and Accepts BTC for Merchandisehttp://feedproxy.google.com/~r/kryptomoney/~3/T7f_GUuBBXI/
Fri, 13 Sep 2019 17:23:54 +0000http://kryptomoney.com/?p=30151Watford FC has now announced that apart adding the Bitcoin logo to sleeves of its players, it will also begin letting fans pay for merchandise with Bitcoin.

]]>Many different sectors have gone the crypto way including finance, healthcare and even sports. Now, the English Premier League’s Watford FC, has an announced on its website that the Bitcoin logo will now appear on the sleeves of the football club’s players. As part of the announcement, the team will also begin accepting Bitcoin for its merchandise. The September 12 announcement also mentions that the club will be partnering with Bitcoin betting service, Sportsbet.io.

Sportsbet.io’s Head of Marketing, Justin Le Brocque, has said that the idea is to show some appreciation for all the support it has received from the cryptosphere:

“The crypto community has been hugely supportive of us since we began, so putting the Bitcoin logo on the sleeve felt like a fun way to give something back while also showing them our support.”

The announcement further noted that sponsorship will be thrown open to the public, allowing just about anyone gain “exclusive opportunity to share in the perks granted to Watford FC sponsors.”

Brocque has further added that the partnership is a break from what is considered the norm in the world of sports, especially regarding sponsorship.

“Our partnership with Watford marks a major disruption in the world of traditional sports sponsorship, and by adding the Bitcoin logo, we hope this world’s first partnership will create even more buzz around cryptocurrencies.”

]]>Using the Hyperledger Blockckhain, Russia’s Sberbank has successfully bought around $15 million worth of accounts as receivable from Singaporean commodity trading firm, Trafigura. According to a spokesperson for the largest bank in Russia, the purchase was completed using Hyperledger Fabric’s private collections feature, which allows some certain information remain private even with a network which has other members.

Furthermore, the Sberbank-driven framework through which the transaction was carried was done using smart contracts already programmed with the Scala general purpose language. The software is also powered by the Aurelia framework as well as SberCloud’s cloud service developed and deployed by Sberbank itself. The company boasts that it only takes one second to complete a full block of transactions on its platform.

The conclusion of the transaction was done a few days ago at the Eastern Economic Forum in Russia’s Vladivostok Pacific port city. Speaking on the transaction, Sberbank’s first deputy chairman, Alexander Vedyakhin, said that the system significantly reduced the amount of required time to complete the transaction by making the exchange of documents a lot more seamless. Vedyakhin said:

“Our blockchain pilot project records every step of the transaction: request for purchase of receivables, application processing and its approval with the bank, issuing the bank’s offer, confirmation of terms by Trafigura, and settlement of the transaction.”

Because of the success of this transaction, both Trafigura and Sberbank are currently making plans to find more ways through which blockchain technology can significantly improve financial transactions and processes worldwide.

]]>https://kryptomoney.com/russias-largest-bank-completes-15-million-debt-purchase-via-hyperledger-blockchain/Santander Sets New Record As It Issues and Settles $20 Million Bond on Ethereum Blockchainhttp://feedproxy.google.com/~r/kryptomoney/~3/m3cxQAWJpzo/
Fri, 13 Sep 2019 14:43:11 +0000http://kryptomoney.com/?p=30144Santander has now become the first financial institution to handle both the issuance and settlement of bonds, using blockchain technology.

]]>More traditional financial institutions are consistently looking into the application of blockchain technology for several of their functions. HSBC, for example, has set a few new blockchain records with implementing the technology for various transactions. Now, Spanish multinational commercial bank and financial services company, Banco Santander, has just set a new record as the first institution to completely handle bond issuance, using blockchain technology.

Santander successfully used an Ethereum token for the $20 million debt and also completed the settlement with ERC-20 tokens which was used in place of cash available in a separate custody account. The significance of such a transaction is the breath of fresh air blockchain technology brings to bond issuance. Traditionally, the system is lot slower and less efficient and even if one side of the transaction is handled with blockchain and the other is not, efficiency is still greatly affected. Handling both the security issuance and the cash settlement using blockchain technology is a milestone achievement in the industry.

According to Santander’s head of digital investment, John Whelan:

“It’s an evolutionary step. There are no secondary markets yet, but we are on that path.”

The entire digital process conversion for the initiation and settlement was handled by Nivaura, a tech firm based in London. Avta Sehra, the CEO of Nivaura, has said that this achievement is an important record in the industry because it’s the “first truly front to back execution process, which securely uses relevant data to tokenize both the assets and cash.”

Other cases of bond issuance using blockchain technology include the World Bank’s use of a private Ethereum blockchain to sell $33.8 million worth of bonds back in August. About four months earlier, in April, Societe Generale also used the Ethereum blockchain to issue $112 million worth of bonds.

]]>https://kryptomoney.com/santander-sets-new-record-as-it-issues-and-settles-20-million-bond-on-ethereum-blockchain/LocalBitcoins Warns Users That Tor Browser Increases Risk of Bitcoin Thefthttp://feedproxy.google.com/~r/kryptomoney/~3/eWwAEp0SiFE/
Thu, 12 Sep 2019 13:22:41 +0000http://kryptomoney.com/?p=30139LocalBitcoins has sounded a note of warning to all of its users against using privacy focused Tor Browser for risk of theft.

]]>LocalBitcoins, the popular peer-to-peer exchange platform based in Finland, has cautioned all of its many customers against using popular anonymous browser, Tor. This was made known via a screenshot posted by Richard Bensberg (@richardbensberg), a compliance expert. The LocalBitcoins screenshot warned about the risk of users being victims of crypto theft through the Tor Browser. It read:

“Warning to all Tor Users: A Tor browser exposes you to the risk of having your bitcoins stolen.”

Bensberg captioned the screenshot with the words “Localbitcoins has really lost the plot” probably tackling the exchange for standing publicly against a tool that is popularly known for its privacy allowances. This prompted LocalBitcoins to reply to Bensberg’s tweet, explaining that the exchange does not advice the use of Tor to ensure security of funds.

“Using a Tor browser is not against LocalBitcoins’ Terms of Service, even though it has not been recommended for security reasons.”

The Tor Browser is floated by the Tor project which launched a recent Bitcoin based crowdfunding endeavour, a few months ago. The project was called “BitcoinForTor” and was very successful as it hit $10,000 just 25 hours after it begun on the 15th of July. The service however did not stop further donations from coming in.

LocalBitcoins recently stopped letting its customers perform trading in local fiat currencies. It announced that:

“In order to adapt to the current regulatory environment, we had to reconsider our policy on local cash trades as well as on geographical areas where our service is available, among other platform features. As a consequence, advertisements in the cash category (i.e. local cash trades) were disabled in our platform on Saturday 1st June.”

]]>https://kryptomoney.com/localbitcoins-warns-users-that-tor-browser-increases-risk-of-bitcoin-theft/MasterCard and R3 To Create New Blockchain Powered Cross-Border Payment Platformhttp://feedproxy.google.com/~r/kryptomoney/~3/7NKktMk2OsA/
Thu, 12 Sep 2019 12:57:43 +0000http://kryptomoney.com/?p=30136MasterCard and R3 have announced that they have both joined forces to create a new cross border blockchain platform.

]]>In a recent press release, MasterCard has announced that it has partnered with enterprise blockchain firm, R3, to create and implement a blockchain enabled platform for cross-border payments. The platform will be focused on helping to facilitate fast global payments for all schemes and financial institutions which are powered by a clearing and settlement network run by MasterCard.

Built on R3’s Corda Enterprise platform, the partnership will take advantage of MasterCard’s experience and expertise with its current framework for payments, and R3’s expertise in the world of blockchain technology. Both firms believe that the new project will offer a breath of fresh air to the current problems of cross-border payments including liquidity, connectivity setbacks as well as the general cost of some of these transactions.

According to MasterCard’s executive vice president of New Payment Platforms, Peter Klein:

“Our goal is to deliver global payment infrastructure choice and connectivity as demonstrated through our recent strategic acquisitions and partnerships, including our relationship with R3. It confirms our commitment to innovation, both home-grown and through partnerships and acquisitions, to support advances and innovation in the increasingly complex global payment infrastructure space.”

Earlier this year, MasterCard acquired Transfast, a global payments company, to further strengthen its cross-border transactions. Now, the new partnership will take these services more than a notch higher.

David E. Rutter, R3’s CEO has expressed excitement at the partnership. Rutter said:

“We are excited to partner with MasterCard to help shape the future of the digital payments ecosystem. All institutions – large or small – rely on the ability to send and receive payments, but all too often the technology they rely upon is cumbersome and expensive. Cross-border payments can be a particular pain point. Corda was designed specifically for enterprise use cases such as this, and we look forward to supporting Mastercard in bringing blockchain-enabled payments businesses across the globe.”

]]>https://kryptomoney.com/mastercard-and-r3-to-create-new-blockchain-powered-cross-border-payment-platform/Domino’s Pizza Celebrates Anniversary with $100,000 Bitcoin Giveaway in Francehttp://feedproxy.google.com/~r/kryptomoney/~3/au4-_u29Dlw/
Thu, 12 Sep 2019 11:00:58 +0000http://kryptomoney.com/?p=30133Domino’s pizza in France is giving customers the opportunity to win more than $100,000 in Bitcoin, as part of its 30 year anniversary celebration.

]]>As a way to celebrate its 30th anniversary, Domino’s pizza in France has announced a mouth-watering competition that will see the winner taking a payment of 100,000 euros either in cash or in Bitcoin (BTC). The announcement was made via a tweet from Domino’s France’s official account.

According to a website dedicated to the giveaway, the competition already began on Wednesday the 4th of September and will run until Sunday the 6th of October. The competition will involve the purchase of Domino’s pizzas from several outlets available which will start from the first day until Wednesday the 2nd of October. Furthermore, participants are then expected to register these purchases on the dedicated website to redeem a code and this will be allowable until Sunday the 6th of October. The winner of the competition will eventually win the 100,000 Euros jackpot with opportunities for others to win “thousands of gifts.” Domino’s has also noted that if the winner decides to go for a Bitcoin payment, the calculation will be made according to the specific exchange rate at purchase time. The winner will then receive their Bitcoin latest by Monday the 16th of December, 2019.

Domino’s Pizza also takes part in Bitcoin Pizza Day, a day celebrated on the 22nd of May every year by pizza chains across the world where customers can buy pizza using Bitcoin.

A few months ago in May, Domino’s Pizza in Singapore and Malaysia joined forces with SingularityNet, a Dutch blockchain firm, to improve its supply chain process using blockchain based artificial intelligence technology.

]]>https://kryptomoney.com/dominos-pizza-celebrates-anniversary-with-100000-bitcoin-giveaway-in-france/Litecoin Price Analysis – LTCUSD On A Verge Of A Breakouthttp://feedproxy.google.com/~r/kryptomoney/~3/opsDLg1UjWg/
Wed, 11 Sep 2019 23:53:54 +0000http://kryptomoney.com/?p=30125Litecoin price has been dwindling for the past two months and it seems the LTCUSD pair is on the verge of a breakout. Litecoin Price Technical Analysis Yesterday, September 10, the price of Litecoin (LTC) was trading close to the 20-day Exponential Moving Averages (EMA). For the past two months, the market has been in […]

]]>Litecoin price has been dwindling for the past two months and it seems the LTCUSD pair is on the verge of a breakout.

Litecoin Price Technical Analysis

Yesterday, September 10, the price of Litecoin (LTC) was trading close to the 20-day Exponential Moving Averages (EMA).

For the past two months, the market has been in a steady decline from the $140 resistance level. On July 27, the bulls were resisted at the $96 price level and the market fell on a downward correction to the low of $88. At the time of writing, the market is trading at the $69 price level.

On the downside, if the bulls fail to break the EMAs, the coin will plummet below $58 price level. On the other hand, if the bulls break above the EMA, the crypto’s price rise will continue to rise.

In the meantime, the Moving Average Convergence Divergence (MACD) line and the signal line are below the zero line which indicates a sell signal.

LTCUSD Price Short-term Analysis

On the 1-hour chart, LTCUSD price is in a range-bound movement. The pair is facing resistance at the 20-day EMA and is on the verge of a breakout. The daily RSI is indicating a positive sign for a price rally to the upside. In the meantime, the MACD line and the signal line are below the zero line which indicates a sell signal.

Resistance levels: $72, $74, $76

Support levels: $68, $66, $62

Disclaimer

Arathur Stephen is not registered as an investment adviser with any federal or state regulatory agency. The information above should not be construed as investment or trading advice and is not meant to be a solicitation or recommendation to buy, sell, or hold any cryptocurrencies. The information is solely provided for informational and educational purposes. Always seek the advice of a duly licensed professional before you make any investment.